ebrown8999 ebrown8999

01-01-2022
Mathematics

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Greg deposits $500 into an account that pays simple interest at a rate of % 3 per year. How much interest will he be paid in the first 6 years?

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jimthompson5910 jimthompson5910

01-01-2022

Answer: 90 dollars

Work Shown:

i = p*r*t

i = 500*0.03*6

i = 90

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